Onward Technologies, a leading engineering services company, has delivered its strongest annual performance in fiscal year 2026, achieving record revenue, EBITDA, and profit after tax (PAT). The company reported a record EBITDA of INR 71.9 crore, marking a significant increase of 60.9% year-over-year. Additionally, PAT reached a record INR 46.7 crore, up 72.3% from the previous fiscal year.
Financial Highlights
The company's robust financial performance was driven by strong demand across its key verticals, including automotive, industrial equipment, and healthcare. Onward Technologies also reported improved operational efficiencies and margin expansion during the fiscal year.
Revenue Growth
Revenue for FY26 grew by 45% to INR 450 crore, compared to INR 310 crore in FY25. This growth was fueled by new client wins, expansion of existing relationships, and increased adoption of digital engineering services.
Profitability
EBITDA margin improved to 16% from 13.5% in the prior year, reflecting better cost management and higher utilization rates. PAT margin also expanded to 10.4% from 8.7%.
Management Commentary
Commenting on the results, the CEO of Onward Technologies stated, "We are delighted to report our strongest annual performance in company history. Our record revenue, EBITDA, and PAT underscore the strength of our business model and the dedication of our team. We remain focused on delivering value to our clients and shareholders through innovation and operational excellence."
Outlook
Looking ahead, Onward Technologies expects continued growth momentum in FY27, driven by increasing demand for engineering services and digital transformation initiatives globally. The company plans to invest in new technologies, talent acquisition, and geographic expansion to sustain its growth trajectory.
